One of the most reliable ways to build wealth is to structure your assets in such a way as to ensure that you pay the lowest level of tax possible on your investments.
Our advisers consider what tax breaks and reliefs are available to you. For example, if you are married, are you making best use of your combined reliefs? We often find one person pays a higher level of tax than their spouse. We look to make sure that income-producing assets are held in the lower taxpayer’s name.
Assets should also be held in the most tax efficient way. We concentrate the least tax efficient assets in the most tax efficient wrappers – and we take an objective overview of our clients’ assets, which is something that is often overlooked.
Income Tax is a tax you pay on your income. You don’t have to pay tax on all types of income. You pay tax on things like: money you earn from employment, most pensions, interest on savings etc.. You don’t pay tax on things like: income from tax-exempt accounts, Individual Savings Accounts (ISAs) and certain state benefits such as Personal Independence Payment.
We’d love to hear from you. As a firm of Independent Financial Advisers we can give you the most suitable advice for your needs from the whole of the market.
Not everyone’s financial advice is independent. Ours is.